As you’ve likely already heard, the fine folks (yeah, there’s still no sarcasm tag in html) at All Romance eBooks have announced that they are closing as of December 31, 2016.
It is with a great sadness that we announce the closing of All Romance eBooks, LLC. For the first year since opening in 2006, we will be posting a loss. Despite efforts to maintain and grow our market share, sales and profits have declined. The financial forecast for 2017 isn’t hopeful. We’ve accepted that there is not a viable path forward.
All Romance has always been a labor of love. Over the years we’ve developed wonderful relationships with the vendors we’ve worked with, the publishers whose content it’s been our pleasure to sell, the authors who supported us, and the customers who it’s been our honor to serve. On midnight, December 31 our sites will go dark. Between now and then, we encourage consumers finalize any transactions, download purchases, and back up libraries.
If you directly publish content for sale through our platform or All Romance has acted as your publisher via our Publishing in Partnership program, you should be in receipt of an email from us with additional information. If not, please contact us at email@example.com.
Which means that, if you have credit/eBucks with them, they’ll expire on that date. If you got a gift certificate for Christmas or Hanukkah, you need to spend it pronto. Of course, that’s assuming you can even access their site (it’s being hammered at present by people trying to deactivate their titles and/or use up store credit/back up libraries.) And the super fun part? Whatever you do end up purchasing will go directly into ARe’s coffers. Authors aren’t getting paid. Oh, they’re offering a whopping 10 cents on the dollar for all Q4 royalties up to Dec. 27. Authors won’t get ANY royalties on sales occurring Dec 28–31. 100% profit for them. So, y’know. That’s awesome.
I might sound glib, but the truth is I feel sick to my stomach. I finally dipped my toes into the self-publishing waters on December 14 with The Power of Peppermint and had been giddy with its reception. I even reached Bestseller status and was quite proud.
But it looks like that little silver star and a screengrab or two is ALL I’m going to see from ARe in the way of compensation for the sales made of that title. Because I’ll be DAMNED if I’ll agree to their offer and absolve them of any of the ramifications that may befall them as a result of their piss-poor business practices. Not only did they continue to offer holiday sales, sell gift cards AND sell advertising for 2017 (which, clearly, they had no intention of honouring) but they’re giving people THREE DAYS NOTICE of their intent to close and inability to pay royalties?
Thankfully ARe isn’t my only sales avenue. But it was a big one.
And in the meantime I’m removing all links from my website to my titles that are still for sale on their site (I’ve already removed The Power of Peppermint entirely; it’s still available via Amazon, Kobo, Apple iTunes, and Smashwords.)
This is not how you conduct business, All Romance eBooks. You do NOT pay your bills out of authors’ royalties. Business 101. Jesus.
Thankfully, my main publisher, Evernight, plays by different rules. So go buy direct from their website. Seriously. Authors not only get a higher royalty rate, but they GET their royalties.
Dreamspinner Press has also announced that they will be honouring pre-orders of any Dreamspinner title via their website with receipt from ARe.
Is it 2017, yet?